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Hello friends Jay Hind vande Mataram welcome back to our YouTube channel in this video we will discuss about Indian Budget History 1947–2026 | Evolution, Reforms & All UPSC Questions Explained. This comprehensive video traces the history of India’s Union Budget from 1947 to 2026, explaining major milestones, reforms, policy shifts, and recurring exam questions. It shows how India’s fiscal priorities evolved—from post-independence reconstruction to liberalisation, welfare expansion, capex-led growth, and medium-term consolidation. We break the journey into clear phases, highlight landmark budgets, and answer frequently asked UPSC questions with concepts, timelines, and takeaways. The framework aligns with how the Ministry of Finance presents fiscal policy for India. In this video, we cover: Pre-liberalisation budgets (1947–1990): priorities & constraints 1991 reforms and the new fiscal paradigm FRBM era, deficits, and debt management Welfare vs capex: changing budget composition Tax reforms: from VAT to GST (high-level) Recent trends up to Budget 2026 (signals & direction) All common UPSC questions (definitions, trends, comparisons) Watch till the end for a one-stop, revision-ready guide. #IndianBudget #BudgetHistory #IndianEconomy #FiscalPolicy #UPSC #GS3 #CurrentAffairs #PublicFinance #Economics #Budget2026